KNOWLEDGE ATLAS (Zhipu) stock surged 5.42% intraday, extending its recent upward momentum driven by significant developments in both its product offerings and capital market strategy.

The company officially launched and open-sourced its flagship model GLM-5.2 under the MIT license, which achieved the top ranking among all globally available models in Code Arena, a blind-test evaluation platform with over one million participants worldwide. The model features enhanced coding capabilities with 1M long-context support suited for complex programming tasks.

Additionally, the company's Science and Technology Innovation Board IPO guidance status has been upgraded to acceptance review, with plans to raise up to RMB 15 billion, allocating RMB 12 billion to its foundation model project. This development accelerates the company's A+H dual-listing strategy and has been noted by analysts as expected to strengthen its subscription pricing power and drive annual recurring revenue growth.